Title 18 — Health, Safety, Housing, Human Rights, and Public Defender
43 chapters · 1,022 sections in this title.
AS 18.56.010 Findings and purpose.
4.4K chars
(a) There exists within the state a serious shortage of decent, safe, and sanitary residential housing available at low or moderate prices or rentals to persons of lower and moderate income. There also exist within the state remote, underdeveloped, or blighted areas where the dev…
AS 18.56.020 Alaska Housing Finance Corporation.
0.4K chars
The Alaska Housing Finance Corporation is a public corporation and government instrumentality within the Department of Revenue, but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other …
AS 18.56.030 Corporation governing body.
1.9K chars
(a) The corporation shall be governed by a board of directors consisting of (1) the commissioner of revenue; (2) the commissioner of commerce, community, and economic development; (3) the commissioner of health; and (4) four public members appointed by the governor, as follows: (…
AS 18.56.040 Meetings of board.
1.2K chars
(a) The board shall elect a chairman from among its membership at its annual meeting each year. A majority of the members constitute a quorum for organizing the board, conducting its business, and exercising the powers of the corporation. The board shall meet at the call of its c…
AS 18.56.045 Minutes of meetings.
0.1K chars
The board shall keep minutes of each meeting and send a certified copy to the governor and to the Legislative Budget and Audit Committee.
AS 18.56.050 Administration of affairs.
0.4K chars
The board shall manage the assets and business of the corporation and may adopt, amend, and repeal bylaws and regulations governing the manner in which the business of the corporation is conducted and the manner in which its powers are exercised. The board shall delegate supervis…
AS 18.56.052 Executive director.
0.2K chars
The corporation shall employ an executive director, who may not be a member of the board. The executive director shall be appointed by the board and serves at the pleasure of the board.
AS 18.56.055 Legal advisor.
0.2K chars
The attorney general is the legal counsel for the corporation. The attorney general shall advise the corporation in legal matters and represent it in suits.
AS 18.56.060 Employment of personnel.
0.4K chars
The board may appoint other officers and engage professional and technical advisors as independent contractors. The executive director may hire employees of the corporation and, subject to the approval of the board, engage professional and technical advisors under contract with t…
AS 18.56.070 Personnel exempt from state Personnel Act.
0.1K chars
The personnel of the corporation are exempt from AS 39.25.
AS 18.56.080 Interdepartmental cooperation.
0.4K chars
All departments, agencies, and public corporations of the state may provide information, services, facilities, and loans to the corporation upon its request. The corporation shall, upon request, reimburse departments, agencies, and public corporations of the state for services or…
AS 18.56.082 Alaska housing finance revolving fund.
0.5K chars
The Alaska housing finance revolving fund is established in the corporation. The revolving fund consists of appropriations made to the revolving fund by the legislature, money or other assets transferred to the revolving fund by the corporation, and unrestricted repayments of pri…
AS 18.56.083 Bonds for senior housing. [Repealed, § 140 ch 4 FSSLA 1992. For current law, see AS 18.56.790.]
0.0K chars
[Repealed or reserved.]
AS 18.56.084 International borrowing.
1.0K chars
For the purpose of obtaining access to international capital markets to borrow money for the special mortgage loan purchase program under AS 18.56.098, as an addition to the powers of the corporation under AS 18.56.090, the corporation may (1) establish, or cause to be establishe…
AS 18.56.085 Investment of state surplus. [Repealed, § 77 ch 106 SLA 1980.]
0.0K chars
[Repealed or reserved.]
AS 18.56.086 Creation and management of subsidiaries.
2.7K chars
(a) The corporation may create subsidiary corporations for the purpose of financing or facilitating the financing of school construction, facilities for the University of Alaska, facilities for ports and harbors, the acquisition, development, management, or operation of housing, …
AS 18.56.088 Administrative procedure; regulations.
5.8K chars
(a) Except for AS 44.62.310 — 44.62.319 (Open Meetings Act), AS 44.62 (Administrative Procedure Act) does not apply to this chapter. The corporation shall make available to members of the public copies of the regulations adopted under (b) — (e) of this section. (b) The board may …
AS 18.56.089 Compliance with Executive Budget Act; corporation finances; dividend.
5.4K chars
(a) The provisions of AS 37.07 (Executive Budget Act) (1) apply to (A) the operating budget of the corporation; (B) amounts payable from corporate earnings or assets of the corporation for grants or grant programs authorized by this chapter; (C) interest rate subsidies and buildi…
AS 18.56.090 General powers and limitations.
12.2K chars
(a) In addition to other powers granted in this chapter, the corporation may, for the purpose of providing housing for persons of lower and moderate income or persons located in remote, underdeveloped, or blighted areas of the state and for its other corporate purposes, (1) make …
AS 18.56.091 Home ownership assistance program.
0.7K chars
(a) The corporation shall implement a home ownership assistance program to assist persons of lower and moderate income to purchase homes financed under the special mortgage loan purchase program by providing a subsidy to the persons in an amount not greater than the difference be…
AS 18.56.092 Veterans' loans for residential housing. [Repealed, § 77 ch 106 SLA 1980. For current provisions see AS 18.56.101.]
0.0K chars
[Repealed or reserved.]
AS 18.56.093 Insurance.
5.3K chars
(a) There is established in the corporation the housing insurance fund, the rural housing hazard insurance fund, and the rural housing title insurance fund. The funds shall be completely segregated from all other funds of the corporation, and are trust funds for the uses and purp…
AS 18.56.094 New capital city mortgage loans. [Repealed, § 77 ch 106 SLA 1980.]
0.0K chars
[Repealed or reserved.]
AS 18.56.095 Mortgage insurance.
8.3K chars
(a) There is a special fund of the state to be known as the “state mortgage insurance fund” (called the “mortgage insurance fund”) which shall be completely segregated and set apart from all other funds of the state, and which is a trust fund for the uses and purposes of this sec…
AS 18.56.096 Limitation on power to make or purchase mortgage loans.
4.8K chars
(a) The corporation may not make, participate in the making of, purchase, or participate in the purchase of (1) a first mortgage loan under this chapter for a duplex, triplex, or four-plex that exceeds the limitations on first mortgage loans for similar housing purchased by the F…
AS 18.56.097 Collateral for loans.
0.9K chars
Under procedures established by regulations of the corporation adopted in accordance with AS 18.56.088 a person may pledge as security for the repayment of a loan made, purchased, or insured by the corporation under this chapter a preference right the person holds to receive titl…
AS 18.56.098 Special mortgage loan purchase program.
9.3K chars
(a) The corporation shall establish a special mortgage loan purchase program. Under the special mortgage loan purchase program, the corporation may purchase first or second mortgage loans. A first or second mortgage loan purchased under this subsection must be made for the purcha…
AS 18.56.099 Powers of corporation to deal in mortgage loans.
0.8K chars
The corporation may purchase, sell, hold, or otherwise deal in mortgage loans. In connection with the purchase or sale of a beneficial interest or participation in a mortgage loan, the corporation may enter into a trust agreement providing for the custody, control, and administra…
AS 18.56.100 Housing development fund.
3.1K chars
(a) There is created a housing development fund to be administered by the corporation as a trust fund separate and distinct from any other money or funds administered by the corporation. (b) Consistent with AS 18.56.090, the corporation may make temporary and permanent loans from…
AS 18.56.101 Eligibility for veterans' interest rates.
1.5K chars
The following persons are eligible veterans for the purposes of AS 18.56.098(f) and (g): (1) a person who served in the armed forces of the United States for 90 days or more, or whose service was for less than 90 days because of injury or disability incurred in the line of duty, …
AS 18.56.102 Simplified refinancing mortgage loan purchase program. [Repealed, § 9 ch 41 SLA 1987. For current law, see AS 18.56.108.]
0.0K chars
[Repealed or reserved.]
AS 18.56.103 Federal taxation of interest on bonds and bond anticipation notes.
0.4K chars
If the interest on bonds or bond anticipation notes of the corporation issued after June 1, 1980, becomes taxable under the income tax laws of the United States, the legislature may appropriate an amount sufficient to pay the outstanding principal and interest on the bonds or bon…
AS 18.56.104 Allocation of tax-exempt bonds. [Repealed, § 2 ch 81 SLA 1987.]
0.0K chars
[Repealed or reserved.]
AS 18.56.105 Allocation of lending activities.
0.7K chars
The corporation shall designate regions within the state that, in the aggregate, encompass the entire state. In participating in the making or purchasing of loans under AS 18.56.090(a)(1) and (2) or under AS 18.56.100, the corporation shall make its money available through the pr…
AS 18.56.106 Nonconforming housing loan program.
0.7K chars
(a) There is established in the corporation the nonconforming housing loan program to assist persons to purchase housing that does not conform to minimum building standards under any state or federal program that provides for housing purchases. (b) The corporation shall adopt reg…
AS 18.56.107 Loan origination and service fees for rural areas.
0.3K chars
Loan origination and service fees charged for a loan made or purchased in a rural area with money received by the corporation after July 1, 1981, may be higher than loan origination and service fees charged for other loans made or purchased by the corporation and the corporation …
AS 18.56.108 Simplified refinancing mortgage loan purchase program.
2.2K chars
(a) The corporation shall establish a simplified refinancing mortgage loan purchase program. Under the simplified refinancing mortgage loan purchase program, the corporation may purchase refinancing mortgage loans to provide relief to borrowers under circumstances described by re…
AS 18.56.109 Teachers' and health care professionals' housing loan program. [Repealed, § 2 ch 115 SLA 2008.]
0.0K chars
[Repealed or reserved.]
AS 18.56.110 Bonds and notes.
9.9K chars
(a) The corporation, by resolution, may issue bonds and bond anticipation notes in order to provide funds to carry out and effectuate its purposes. (b) The principal and interest on these bonds or notes, except state guaranteed bonds, is payable from corporation funds, excluding …
AS 18.56.115 Independent financial advisor.
0.2K chars
In negotiating the private sale of bonds or bond anticipation notes to an underwriter, the corporation may retain a financial advisor. A financial advisor retained under this section must be independent from the underwriter.
AS 18.56.120 Validity of any pledge.
0.7K chars
The pledge of assets or revenue of the corporation to the payment of the principal or interest on any obligations of the agency is valid and binding from the time the pledge is made and the assets or revenue are immediately subject to the lien of the pledge without physical deliv…
AS 18.56.125 Capital reserve fund.
4.0K chars
(a) For the purpose of securing any one or more issues of its obligations, the corporation may establish one or more special funds, called “capital reserve funds”, and shall pay into those capital reserve funds (1) any money appropriated and made available by the state for the pu…
AS 18.56.130 Remedies.
0.6K chars
A holder of obligations or coupons attached to them issued under the provisions of this chapter, and a trustee under any trust agreement or resolution authorizing the issuance of the obligations, except as restricted by a trust agreement or resolution, either at law or in equity,…
AS 18.56.135 Loan servicing requirements.
2.1K chars
(a) If the servicing of a loan is sold to another person, the seller shall notify the mortgagor of the sale within 10 days after the actual date of the sale. The notification must include (1) the name, address, and telephone number of the person who will assume responsibility for…
AS 18.56.140 Negotiable instruments.
0.2K chars
All obligations and interest coupons attached to them are negotiable instruments under the laws of this state, subject only to any applicable provisions for registration.
AS 18.56.150 Obligations eligible for investment.
0.6K chars
Obligations issued under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trus…
AS 18.56.160 Refunding obligations.
1.8K chars
(a) The corporation may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding that have been issued under the provisions of this chapter, including the payment of any redemption premium on them and any interest accrued or …
AS 18.56.170 Credit of state not pledged.
1.0K chars
(a) Obligations issued under the provisions of this chapter other than state guaranteed bonds do not constitute a debt, liability, or obligation of the state or of any political subdivision of the state or a pledge of the faith and credit of the state or of a political subdivisio…
AS 18.56.180 Officers not liable.
0.2K chars
A member or other officer of the corporation is not subject to personal liability or accountability by reason of having executed or issued any obligations.
AS 18.56.190 Tax exemption.
1.0K chars
(a) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for their well-being and prosperity, and for the improvement of their social and economic conditions, and the corporation is not required to pay a tax or ass…